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Museum has played the role of a time recorder. Talking about bitcoin, more than ten years has passed since the creation of it. Although it is uncomparable to the stock market with a hundred years of history, during the ten years, in the different stages of the development of bitcoin and blockchain have continuously poured in geeks, miners, speculators, newbies, leaving keywords such as sudden rich, myth, scam, belief, revolution, etc.
There are also many “old objects” with stories in the “Museum” of the cryptocurrency realm. On Museum Day, let ’s review the stories brought by these “old objects”.
The First Digital Currency White Paper — Bitcoin White Paper
On Oct. 31, 2008, Satoshi Nakamoto released the Bitcoin white paper — A Peer-to-Peer Electronic Cash System in the cryptographic mail group where he belongs, and Bitcoin was born since then.
A white paper is a document that explains the purpose and technology used in cryptocurrency. Usually a cryptocurrency uses the white paper to help people understand what it provides, and it is also an important information channel for investors to understand a project. Therefore, the level of the white paper affects people’s confidence towards the coin.
In a word, in the cryptocurrency and blockchain industry, the value of a white paper is equivalent to that of a standard financing speech. The white paper plays a vital role in this emerging market.
The First Public Bitcoin-Physical Transaction — Pizza
Since Satoshi Nakamoto mined the Bitcoin genesis block on January 3, 2009, Bitcoin has only been spread among the small crowd and has not realized its value.
Not until May 22, 2010, Bitcoin enthusiast “Laszlo Hanyecz” bought a pizza coupon worth $25 with 10,000 bitcoins. This is the first public bitcoin-physical transaction. Bitcoin has its price with 0.3 cents per bitcoin.
This day has also become the famous “Bitcoin Pizza Day” in Bitcoin history. Bitcoin as the imagination of the financial system has more practical significance. The tenth anniversary is coming. How will you commemorate it? Will you buy a pizza?
The First Digital Asset Exchange — Bitcoinmarket.com
After the birth of Bitcoin, in addition to mining, the only way to get Bitcoin in the early days was to conduct transactions on forums or IRC (commonly known as Internet Relay Chat). However, this method involves both long transaction time and great security risk.
In March 2010, the first digital asset exchange — Bitcoinmarket.com launched. However, due to lack of liquidity and transaction depth, it disappeared soon after its establishment, but Bitcoinmarket.com opened the era of the operation of the cryptocurrency realm exchange 1.0.
On June 9, 2011, China’s first Bitcoin exchange — Bitcoin China (BTCChina) launched. Its founder, Yang Linke, translated Bitcoin into Chinese “比特币” for the first time. In 2013, China’s bitcoin trading entered the golden age, and exchanges sprung up. China monopolized more than 90% of the world’s bitcoin transactions. Now, if the top three exchanges Binance, Huobi Global, OKEx are the Exchange 2.0, then the index exchange represented by 58COIN called the 3.0 version, leading the trend.
The First Generation of High-Performance Miner — ASIC Miner
When Satoshi Nakamoto created Bitcoin, the only way to get it is to use computers (including home computers) to mine, mainly relying on the CPU to calculate. However, as the value of digital currencies such as Bitcoin has become higher and higher, mining has become an industry with the competition is getting fiercer, accompanied by increasing difficulty of mining. Therefore, hardware performance competition starts.
In July 2012, the genius Jiang Xinyu (Internet nickname is “Friedcat”) from the junior class of the University of Science and Technology declared at the forum that he could make ASIC miners (chips). As far as mining computing power is concerned, ASICs can be tens of thousands or more higher than the same-generation CPUs and GPUs.
At the beginning of 2013, Zhang Nanqian (Pumpkin Zhang), a suspended doctoral student from the Beijing University of Aeronautics and Astronautics, developed the ASIC miner and named it “Avalon”.
In June 2013, the Friedcat’s miner USB was finally released, and it maintained 20% of the computing power of the entire network.
At the end of 2013, Wu Jihan, used the tens of millions yuan earned from Friedcat through investment, worked together with Jenke group, to develop the Antminer S1. Since then, the miner manufacturer Bitmain began to enter the stage of history.
It is no exaggeration to say that Friedcat and Zhang Nangeng have opened the domestic “mining” era.
The Birthplace of China’s Bitcoin — Garage Coffee
It is not only the “old objects” that record history, but also a place that everyone in the cryptocurrency realm aspires to.
Guo Hongcai once said, “Without no The Garage Café, there will be no cryptocurrency realm today. Since it is a very mysterious place that all waves of people from the café joint together to create today’s digital asset industry.
▲ In March 2013, American student Jake Smith successfully purchased a cup of coffee at The Garage Café with 0.131 bitcoins. This move attracted the attention of CCTV, and it conducted an interview.
Indeed, The Garage Café is the world ’s first entrepreneurial-themed coffee shop. It has been legendary since its establishment in 2011. The Garage Cafét is not only the core coordinate on China’s Bitcoin map, but also the birthplace of the Chinese cryptocurrency circle, where digital asset realm tycoons including Guo Hongcai, Zhao Dong, Li Xiaolai, Li Lin have made their ways.
The development of digital currency is only 11 years old. Through these “old objects”, we review the various stories of this wave of technology together, hoping to help you understand the development process of the digital currency field. Meanwhile, I also remind all practitioners to use history as a mirror and forge ahead.
Block Erupter USBs were first announced by ASIC Miner on BitcoinTalk.org in 2013. They were a portable, pocket sized yet relatively powerful bitcoin usb miners, and were suggested as «a perfect gift for getting people knowing about Bitcoin and Bitcoin mining». Don't use bitminter's flash miner if you want to mine alt coins with your gpus while going after bitcoin with the ASIC cards (it doesn't play nice if you have wallets running or cgminer working and you'll get a lot of rejects)- but by using a command line miner for sha-256, I can also run guiminer-scrypt or cgminer to hash out alt coins. How to choose a Bitcoin miner? Before we get down to our top five picks, it is worth mentioning the main factors that will help you to determine the best Bitcoin ASIC miner for your personal needs: Hash rate. Hash rate is measured in hashes per second. Obviously, the more powerful your miner is, the bigger block reward you get. Efficiency. Hash rate is not the definitive factor when it comes ... Today, we will be looking into how a USB ASIC miner work and if it is still profitable for mining in 2020. The Origin of the USB ASIC Miner. While at first Bitcoin could only be mined with CPU power, in 2013, a new type of mining hardware emerged the ASIC miner (Application Specific Integrated Circuit).. ASICs are special hardware designed only for mining cryptocurrencies that are based on the ... Bitcoin ASIC Miner. Wer die Nachrichten zu Bitcoin und Co. regelmäßig verfolgt, stößt dabei immer wieder auf das Kürzel ASIC. Warum diese Spezialchips und -computer so wichtig sind, erklären wir hier. ASIC ist zunächst einmal die Abkürzung für „application-specific integrated circuit“, was auf Deutsch übersetzt nicht weniger sperrig „anwendungsspezifische integrierte Schaltung ... Expensive Bitcoin mining hardware is fast, efficient, and unique. You need to aim for the miners with high value and quality instead of going for cheap equipment. Understand the ASIC miner value and ASIC mining calculation before opting for the miner. Let’s move on to the top 5 ASIC miners in 2020: #1 Bitmain Antminer S5 Antminer – Beschäftigt man sich mit dem Mining, kommt man um ASICs nicht herum. Die Miner von Bitmain dominieren das Geschäft mit den ASICs. Bislang sind es die schnellsten und effizientesten Miner auf dem Markt. Tardis ASIC Bitcoin miner uses 6300W of power to mine your favorite Cryptocurrency. Besides it also weighs around 37000g which is a lot less than the industry average. In comparison, Bitmain S17 BTC mining hardware only weighs 9500g. Talking about returns, a person can make $17 a day in profit from this Bitcoin mining equipment. However, as with the rest of the above ASIC bitcoin miner, the ... BFL Butterfly Labs 30 gh s Asic Bitcoin Miner (Little Single) $ 0.00 6 GPU Mining Rig Case With 5 PCS Extreme Airflow 120mm Case Fan Aluminum Stackable Miner Case Open Air Frame Unassembled Kit For ETH ETC ZCash Ethereum Bitcoin and Altcoins(Classic) $ 254.99 ASIC-Miner. ASIC-Miner sind Bitcoin Miner, welche spezifisch dafür designt wurden, Bitcoins zu minen. So existieren diverse USB Bitcoin Miner, welche mit der passenden Software einfach an den PC angeschlossen werden und dann nebenher Bitcoins minen. Natürlich verfügt ein Bitcoin Miner USB-Stick nur über eine geringe Leistung, so dass man sich fragen muss, ob sich eine solche Investition ...
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